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PREVIEW-Tenaris 2nd-quarter earnings seen up 27.8 percent

* What: Tenaris second-quarter results 
    * When: Thursday, Aug. 4 
    * Median net profit forecast: $377 million 
    
    BUENOS AIRES, Aug 1 (Reuters) - Tenaris, the world's top 
producer of seamless steel pipes for the energy industry, is 
set to post higher second-quarter earnings due to stronger 
sales and higher oil prices, a Reuters poll showed. 
    Tenaris, controlled by Argentina's Techint group, should 
report a $377 million quarterly net profit, according to the 
median forecast in a survey of four analysts. That would 
represent a 27.8 percent increase from a year earlier. 
    Poll estimates for Tenaris'  
quarterly profit ranged from $330 million to $395 million, up 
from $295 million a year earlier. The company plans to report 
its earnings on Thursday. 
    "We expect a new rise in sales volume in line with a 
recovery of exploration," the Allaria Ledesma brokerage in 
Buenos Aires said in a report, adding that prices are also 
rising slightly more than costs. 
    Allaria Ledesma expects a 12 percent increase in earnings 
before interest, taxes, depreciation and amortization, with a 1 
percentage point margin of error. 
    For the first quarter, Tenaris posted a net profit of 
$324.2 million as demand for its products surged. 

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